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Manitok Energy Inc. (CVE:MEI) reports an update on the Stolberg well.
The press release is quoted as saying:
Manitok will gather pressure buildup data from the reservoir over the next two weeks to determine the extent of the damage. If reservoir damage is confirmed, fracture stimulation may be necessary in order to enhance reserves recovery. The well is expected to be on production early in the third quarter of this year; facilities installation will not begin until after break up. Given the strong results from the deeper zone test, Manitok has decided not to complete the shallower Viking zone at this time. Manitok has a 75% working interest in the well and Rimfire Energy Inc. (“Rimfire”) has the remaining 25%.